STRATEGY FOR 3rd MAY

                                                              EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Positive(from 8335),  stop for long positions 9100.

             

INSTITUTIONAL ACTIVITY-            Fii- Net sellers -  611  crores.

                                                           Dii- Net buyers - 541 crores.

GLOBAL MARKETS-                       US markets trading positive at the time of writing.  

RESULTS TODAY -                        Ajantapharma, Dhfl, Icicibank.

                                                       

RESULTS TOMORROW-           Exide, Hdfc, L&tfh, Mahabank, Mcf, Mrf, Tatacomm. 

                                                                          

                                                    TRADING IDEAS

POSITIONAL  -     PFC -     Buy above-  165,   stop  -  151,     target  - 180.

                                                    

                                                         POSITIONS OPEN

SHORT TERM-       ALBK -    Buy(27/04/2017) - 78,    stop(revised) -  76,      target - 86.

SHORT TERM-       ASIANPAINT -    Buy(26/04/017) - 1105,    stop(revised) -  1040,      target - 1195.

POSITIONAL  -     HAVELLS -     Buy(12/04/2017)-  486,   stop(revised)  -  469,     target  - 530.

  

  TREND-  in few major stocks

HDFC-                  Positive(from 1543), stop for long positions 1505.

  

YESBANK-           Positive above 1656.

TATASTEEL-         Negative(from 446), stop for short positions 470.

AXISBANK-         Sideways.

   

MARUTI-             Positive(from 6370), stop for long positions 6190.

HDFCBANK -       Positive(from 1222), stop for long positions 1490.

                      

                                         

                                                    COMMODITY UPDATES

                                                           MCX

GOLDM(jun)-                  Negative(from 28630), stop for long positions 29200.

SILVERMIC(jun)-          Negative(from 41280), stop for short positions 40600.

COPPERM(jun)-             Sideways.

NICKELM(may)-               Negative(from 624,apr), stop for short positions 623. 

                                                     
ZINCMINI(may)-               Negative(from 174.80,apr), stop for short positions 172. 

CRUDEOILM(may)-        Negative(from 3188), stop for short positions 3250. 

NATURALGAS(may)-       Sideways.

LEADMINI(may)-            Sideways.

ALUMINI(may)-              Sideways.

                                     

CARDAMOM(may)-       Negative(from 1429,mar), stop for short positions 1265.

                                                           NCDEX                                   

KAPASSRNR(apr,2018) -        Negative(from 1028,apr 2017), stop for short positions 1005.

SOYBEAN(may)-                    Negative below 2870.

RMSEED(may)-                      Negative( from 3795), stop for short positions 3820.

                                CURRENCY UPDATE

USDINR(may)-                Negative(from 67.58,feb), stop for short positions 64.90.

GBPINR(may)-               Positive(from 82.85,apr), stop for long positions 82.20.

EURINR(may)-               Sideways.

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JPYINR(may)-               Negative below 57.40.

                                                                                                                                                                        

DISCLAIMER-   This blog is just my trading ideas or how i follow the market.  This blog is merely a device that can help you to think and consider, but you are 100% responsible for any actions you take by reading this blog